Agilent Technologies Announces Pricing of $850 Million of Senior Notes
March 03 2021 - 5:56PM
Business Wire
Agilent Technologies, Inc. (NYSE: A) today announced the pricing
of an underwritten, registered public offering of a series of its
senior notes in an aggregate principal amount of $850 million. The
offering is being conducted under an automatic shelf registration
statement on file with the Securities and Exchange Commission. The
notes will mature in March 2031 and will bear interest at an annual
rate of 2.300 percent. The offering is expected to close on March
12, 2021, subject to the satisfaction of customary closing
conditions.
The estimated net proceeds of the offering are expected to be
approximately $841.1 million. Agilent intends to use the net
proceeds from the offering to fund the redemption of its 3.20%
senior notes due 2022 (the “2022 notes”), to pay down borrowings
under its commercial paper program and for general corporate
purposes.
Barclays Capital Inc., Citigroup Global Markets Inc. and J.P.
Morgan Securities LLC are acting as joint book-running
managers.
Copies of the prospectus supplement and the accompanying
prospectus relating to the offering can be obtained from:
Barclays Capital Inc. c/o Broadridge Financial Solutions
1155 Long Island Avenue Edgewood, NY 11717 Email:
barclaysprospectus@broadridge.com Telephone: 1-888-603-5847
Citigroup Global Markets Inc. c/o Broadridge Financial
Solutions 1155 Long Island Avenue Edgewood, New York 11717 Email:
prospectus@citi.com Telephone: 1-800-831-9146
J.P. Morgan Securities LLC c/o Broadridge Financial
Solutions Attn: Prospectus Department 1155 Long Island Avenue
Edgewood, NY 11717 Telephone: 1-866-803-9204
Electronic copies of the prospectus supplement and accompanying
prospectus are or will be available for free by visiting EDGAR on
the Securities and Exchange Commission website at www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the securities nor shall
there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. This press release also does not constitute a notice
of redemption under the indenture governing the 2022 notes.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is a global leader in life
sciences, diagnostics, and applied chemical markets, delivering
insight and innovation toward improving the quality of life.
Agilent instruments, software, services, solutions, and people
provide trusted answers to customers' most challenging
questions.
Forward-Looking Statements
This release contains “forward-looking statements” within the
meaning of the federal securities laws, including with respect to
the closing of Agilent’s senior notes offering and the anticipated
use of the net proceeds therefrom, including the redemption of its
2022 notes. Forward-looking statements are typically identified by
words or phrases such as “will,” “anticipate,” “estimate,”
“expect,” “project,” “intend,” “plan,” “believe,” “target,”
“forecast,” and other words and terms of similar meaning. These
statements are subject to significant risks and uncertainties,
including, without limitation, risks and uncertainties related to
economic, market or business conditions and satisfaction of
customary closing conditions related to the public offering. No
assurance can be given that the securities offering discussed above
will be consummated on the terms described or at all. Except as
required by law, Agilent expressly disclaims any obligation to
publicly revise any forward-looking statements contained in this
news release to reflect the occurrence of events after the date of
this news release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210303006030/en/
Investor Contact: Ankur Dhingra +1 408 345 8948
ankur_dhingra@agilent.com
Media Contact: Tom Beermann +1 408-553-2914
tom.beermann@agilent.com
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